New Issue: Barclays sells $560,000 dual directional notes on Stoxx 50, EAFE ETF

By William Gullotti

Buffalo, N.Y., Aug. 9 – Barclays Bank plc priced $560,000 of 0% dual directional notes due Dec. 12, 2023 linked to the least performing of the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.2 times any gain in the lesser performing underlier up to a maximum payout of par plus 18.5%.

If the lesser performing underlier falls by up to 15%, the payout will be par plus the absolute value of the return of that underlier.

If the worst performer falls by more than 15%, investors will lose 1% for every 1% that it declines beyond 15%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Dual directional notes
Underlying assets:	Euro Stoxx 50 index, iShares MSCI EAFE ETF
Amount:	$560,000
Maturity:	Dec. 12, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.2 times any gain in lesser performing underlier, up to par plus 18.5%; if lesser performing underlier falls by up to 15%, par plus the absolute value of return of that underlier; otherwise, exposure to losses of worst performer beyond 15%
Initial levels:	$81.95 for ETF, 4,097.65 for Stoxx
Buffer levels:	$69.66 for ETF, 3,483.0 for Stoxx; 85% of initial levels
Pricing date:	June 7
Settlement date:	June 10
Agent:	Barclays
Fees:	1%
Cusip:	06748EW82

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.